More Troubles For Sears

Published: May 23, 2014

Sears Holdings announced that it would close at least 80 stores this year. The decision was made on Thursday when the company reported dismal earnings: Sears Holding posted a significant loss of $402 million for the fiscal first quarter.

The company’s revenue fell 6.8%.

In comparison, the company’s 2013 Q1 earnings reports showed a loss of $279 million.

“We are watching the slow liquidation of Sears Holdings,” said Brian Sozzi, chief executive of Belus Capital Advisors to the New York Times.

According to the New York Times, other retailers also reported earnings losses, blaming weather and stagnant incomes among lower- and middle-income consumers along with other things.

McCarthy Tire Service opens commercial wheel refreshing facility

According to the company, the facility has the ability to refinish over 1,000 wheels per day.

By Christian Hinton

Published: April 25, 2024

McCarthy Tire Service recently opened a new in-house commercial wheel refinishing facility. According to the company, the facility has the ability to refinish over 1,000 wheels per day and technicians will utilize equipment for inspection, surface preparation, pre-treatment, and automated coating techniques at the facility.

“We're thrilled to unveil this wheel refinishing facility,” John McCarthy Jr., president of McCarthy Tire Service said. “This investment reflects our dedication to providing our customers with unparalleled efficiency and a one-stop shop for all their commercial tire and wheel needs. By streamlining the refinishing process, we can help fleets minimize downtime and maximize productivity.”